There are many federal government benefit programs available to individuals with disabilities. Programs are often referred to by confusing acronyms (LIHEAP, SNAP, QMB, to name just a few) and some programs are very different but sound similar (for instance, Medicare and Medicaid or SSI and SSDI). Stop in each week for a spotlight on a different benefit program. Today, we take a look at QMB.
Qualified Medicare Beneficiary (MSP)
Benefit: Medicaid benefit; pays Medicare premiums, Medicare co-pays, and deductibles
Asset Limit: $7,730 single; $11,600 couple
Income Limit: 100% of FPG ($1,061 single; $1,430 couple)